General Information

TP Trades Is An Online Broker Operated By TP Trades Holding Limited, A Company Registered In Hong Kong. TP Trades Claims To Serve Retail And Institutional Clients From Europe, Asia, The Middle East, Africa And Latin America, Covering More Than 180 Countries.

Pros And Cons

TP Trades Offers A Wealth Of Trading Tools, Different Types Of Accounts And Leverage. Their MT4 Trading Platform Is Popular And User-friendly. However, TP Trades Is Not Available To All Residents Worldwide.

It Is Important To Note That The Lack Of Effective Regulatory Clearance And Unclear Withdrawal Handling Fees/payment Methods Are Important Disadvantages That May Offset Some Of The Other Advantages. Traders Should Exercise Caution When Considering Choosing TP Trades As A Potential Broker.

Market Tools

As A Forex And CFD Broker, TP Trades Offers Over 50 Tradable Instruments Covering Multiple Markets Such As Forex, Spot Metals, CFDs And Spot Indices. Forex Trading Is Available On Major, Minor And Exotic Currency Pairs, While Spot Metals Trading Allows Clients To Invest In Gold And Silver. CFD Trading Includes A Wide Range Of Products Such As Indices, Commodities, And Stocks. TP Trades Also Offers Spot Index Trading, Allowing Clients To Invest In Multiple Indices, Including The S & P 500, NASDAQ 100, German DAX30, And UK FTSE 100. Overall, TP Trades Offers Traders A Relatively Rich Choice Of Tools.

Account Types

Three Trading Accounts Are Available: Standard, STP Pro, And ECN Accounts. The Minimum Initial Deposit For All Three Accounts Is As Low As $50. Although The Initial Deposit Is Low, It Is Not Recommended That Traders Open An Account Here, Given That TP Trade Is Not Regulated.

Leverage

Although TP Trades Offers Different Leverage Ratios For Different Account Types, Excessive Leverage May Increase The Risk Of Losses. The Leverage Ratios Offered By TP Trades Are 1:500 For Forex, 1:300 For Metals, 1:200 For CFDs, And 1:7 For Cryptocurrencies.

Traders Should Carefully Consider The Appropriate Leverage Ratio For Their Trading Strategy And Risk Management. It Is Recommended To Use A Lower Leverage Ratio For Less Experienced Traders Or Those Who Are Not Comfortable With High Risk Levels.

Spreads And Commissions

Spreads And Commissions Vary According To Different Trading Accounts. The Minimum Spread Is 1.5 Pips For A Standard Account And 0.7 Pips For A STP Pro Account, Neither Of Which Charges A Commission. However, ECN Accounts Charge $7 In Commissions Per Lot, With A Minimum Spread Of 0.0 Pips. Traders Should Consider These Costs When Making Trading Decisions, As They Can Affect Profitability.

Trading Platform

In Terms Of Available Trading Platforms, TP Trade Offers A White Label MT4 Trading Platform That Is Available For Windows, IPhone/iPad And Android IOS. The MT4 Platform Is A Well-known And Widely Used Trading Platform In The Industry That Offers Advanced Charting Tools, Technical Analysis And A Variety Of Order Types. The Platform Also Supports Automated Trading Through Expert Advisors (EAs) And Allows For Custom Indicators And Charting Tools. The Availability Of The MT4 Platform On Multiple Devices Provides Flexibility And Convenience For Traders Who Prefer To Trade Anytime, Anywhere.

Deposits And Withdrawals

TP Trades Does Not Have An Explicitly Supported Payment Method, But Does Provide Some Deposit And Withdrawal Details. Withdrawals Less Than $5,000.00 Will Be Completed Within 24 Hours, And Withdrawals Greater Than $5,000.00 Will Be Completed Within 5 Business Days. In Addition, The Company Reserves The Right To Allow A Minimum Withdrawal Of $10 And A Daily Maximum Of $20,000 Each Time. Amounts Exceeding The Limit Will Be Processed On A Case-by-case Basis.

Client Server

The TP Trades Customer Service Team Can Be Contacted Via 24/7 Live Chat, Email (support@tptrades.com) And Online Messaging. However, The Broker Does Not List Client Server Phone Numbers. In Addition, There Is Limited Information About Their Client Server Team And Their Qualifications. Caution Is Always Advised When Dealing With Brokers That Do Not Have A Clear And Transparent Client Server Policy.